TCR Saint Jean Carbon, Inc.

Torch River Resources Ltd. ("Torch" or the "Company") (TSX
VENTURE:TCR)(FRANKFURT:WNF)(PINKSHEETS:TORVF), is pleased to announce the
results of its first grab sampling program on its Walker lump/vein graphite
property located approximately 100 km west of Montreal. The Company's geologist,
Ms. Isabelle Robillard, P. Geo., Qualified Person, recently carried out a site
visit to collect the initial composite grab samples. The team directly assessed
the visible graphite veins and extracted samples taken along the various veins.
The purpose of the program was to assess the potential for high grades
encountered across this mineralization region.


Based on subsequent analysis conducted by Activation Laboratories Ltd. (Actlabs)
of Ancaster, Ontario using the IR process (Leco), the results confirmed the
presence of a high quality lump/vein graphite mineralization. Ms. Robillard
commented on the results as follows: "Graphite occurrence was observed during
recent fieldwork (2013-06-21) from an ancient shallow exploitation pit on an
easily accessible part of the property. The old pit and adjacent waste rocks
pile exposed at least two sets of intersecting graphite veins, with thickness
ranging from 2 to 10 cm. Vein material was sampled and sent to Actlabs in
Ancaster. The laboratory returned the graphite assay value (89.5% Cg) that is
reported here. One of the veins was followed at surface for at least 6 meters
along strike and many small mine pits and trenches were found in the immediate
area, indicating the presence of more graphite mineralization."


Paul Ogilvie, Chief Executive Officer of Torch commented, "We are very pleased
with the grade of 89.5% Cg as is in line with lump graphite properties in Sri
Lanka. The results are very encouraging as we work towards building a 100% lump
graphite company. Our next steps will be to analyse the purity and upgrade the
material to the highest purity possible, toward the 99.9 % Cg goal."


He also commented: "In the race to bring a new North American graphite property
into production it is clear to us that these results confirm the value of our
plans to rapidly develop into a lump graphite producer. We believe the presence
of high grades such as those outlined today represent a competitive advantage,
particularly in terms of the costs required to build (capex) mineral processing
facilities and recover and refine (opex) product. Add to that the fact that lump
graphite has a wide array of market applications and the result is a belief that
we can quickly move out front in the effort to build a new North American
graphite production mine and facility."


Subsequent work on the Walker property is immediately planned and will comprise
a more complete sampling program, and structural analysis of the exposed vein
system. Detailed prospecting with the use of Beep-Mats will also be used on the
lateral extension of the vein systems. This coming phase will allow a better
understanding of the mineralization and of geophysics methods that can be used
to explore and discover graphite veins on the Walker property. In this regard,
Torch River Resource's Qualified Person and P. Geo Isabelle Robillard further
commented: "We are confident that follow-up works will result in the discovery
of further occurrences of high-grade graphite and will significantly improve
exploration techniques for the particular context observed at the Walker
property which consists of very rich lump graphite veins." 


Lump graphite typically has grades from 50% to 95%, with an average grading in
the 65% to 80% range. Grades of this sort are not unusual in deposits such as
those mined in Sri Lanka. As such they offer the potential to direct ship
product to an upgrade facility with limited primary processing. This also
permits processing to high purity levels up to 99.9% Cg to be much more cost
effective as well. The combination of low costs and market prices for lump
graphite make it a strategically sound business model in the emerging natural
graphite sector.


ABOUT LUMP/VEIN GRAPHITE

Lump or Vein graphite is considered to be one of the rarest, commercially
valuable, and highest quality types of natural graphite. It occurs in veins
along intrusive contacts in solid lumps and is only actively mined in Sri Lanka
(Mores, 2007). Given the carbon content typically found with lump/vein graphite
recovery operations and costs will normally be lower than flake or amorphous
graphite recovery. Lump graphite processing techniques can include everything
from hand sorting of large concentrated samples to standard crushing, grinding,
froth flotation and milling. Lump/vein graphite is suitable for many of the same
applications as flake graphite giving it a distinct competitive edge in terms
market prices and product applications. 


ABOUT TORCH RIVER RESOURCES

Torch River Resources is a publicly traded junior mining exploration company
with a number of mining claims. The Walker graphite property operated as a mine
from 1890 through to 1920 and is located in an area known as the Grenville belt.
It is approximately 30 km north-east of Ottawa between Montreal and Ottawa and
has the potential for high quality graphite deposits that have been actively
examined and reported on for many years in this area. The Company's Mount
Copeland molybdenum deposit lies within metamorphic rocks flanking the southern
margin of Frenchman Cap Dome, 32 kilometers northwest of Revelstoke, British
Columbia. The Fort-Eden copper property is comprised of 18 mineral tenures that
total 2,828.6 hectares in area. The mineral claims are located 100 km west of
Fort St James, BC. The Red Bird deposit is comprised of three zones of
molybdenum concentration referred to as the Main, Southeast and Southwest zones
within a property totaling 1,836 ha (4,400 acres) and is located 133 km
southwest of Burns Lake and 105 km north of Bella Coola. The Company plans to
divest each of these properties through a sale or joint venture, thus allowing
it to focus on building a graphite mining company. 


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FORWARD LOOKING STATEMENTS: This news release contains forward-looking
statements, within the meaning of applicable securities legislation, concerning
Torch's business and affairs. In certain cases, forward-looking statements can
be identified by the use of words such as "plans", "expects" or "does not
expect", "intends" "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or "will be taken",
"occur" or "be achieved". Such forward-looking statements include those with
respect to Such forward-looking statements include those with respect to the
Company's intention to complete the Walker acquisition (the "Transaction"), the
Company's intention to divest its existing mineral properties (the
"Divestures"), the anticipated closing time of such transactions, the intention
of Torch to undertake a broad sampling, mapping and exploration program this
summer (the "Work Programs") and to pursue its strategy.


These forward-looking statements are based on current expectations, and are
naturally subject to uncertainty and changes in circumstances that may cause
actual results to differ materially. The forward-looking statements in this news
release assume, inter alia, that the conditions for completion of the
Transaction and Divestures, including regulatory approval, will be met, that the
Company will be able to arrange sufficient funding for the Transactions and the
Work Programs and that there are no other material obstacles to pursuing the new
strategy. 


Although Torch believes that the expectations represented in such
forward-looking statements are reasonable, there can be no assurance that these
expectations will prove to be correct. There are risks which could affect
Torch's future results and could cause the results to differ materially from
those expressed in these forward-looking statements including negotiation
failure or delay, the impact of general economic conditions in Canada and the
risk that they will deteriorate, industry conditions, including fluctuations in
the price of supplies and the risk that they will increase, that required
consents and approvals from regulatory authorities will not be obtained, that
activity in the lump or vein graphite business will not be at the level or of
the nature anticipated, liabilities and risks inherent in Torch's operations,
technical problems, equipment failure and construction delay.


Statements of past performance should not be construed as an indication of
future performance. Forward-looking statements involve significant risks and
uncertainties, should not be read as guarantees of future performance or
results, and will not necessarily be accurate indications of whether or not such
results will be achieved. A number of factors, including those discussed above,
could cause actual results to differ materially from the results discussed in
the forward-looking statements. Any such forward-looking statements are
expressly qualified in their entirety by this cautionary statement.


Readers are cautioned not to place undue reliance on such forward-looking
statements. Forward-looking information is provided as of the date of this press
release, and Torch assumes no obligation to update or revise them to reflect new
events or circumstances, except as may be required under applicable securities
laws.


All of the forward-looking statements made in this press release are qualified
by these cautionary statements and by those made in our filings with SEDAR in
Canada (available at www.sedar.com). 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Torch River Resources Ltd.
Laurie McCarney
Director, Corporate Communications
(905) 844-1200 ext:305
info@torchriver.ca
www.torchriver.ca

Saint Jean Carbon, Inc. (TSXV:TCR)
過去 株価チャート
から 5 2024 まで 6 2024

Saint Jean Carbon, Inc. (TSXV:TCR)
過去 株価チャート
から 6 2023 まで 6 2024